The RICS Homebuyer Survey is one of the most popular property surveys in the UK, carried out by our Associate RICS (Royal Institution of Chartered Surveyors) qualified surveyor. It is designed to give prospective homebuyers a clear understanding of the condition of a property before they complete their purchase. The survey helps buyers make informed decisions by identifying potential risks, issues, and areas requiring further investigation.

Key Features of the RICS Homebuyer Survey

1. Mid-Level Survey

This survey is a mid-tier option—more detailed than a basic valuation but less comprehensive than a full building survey. It is ideal for standard properties in reasonable condition that are not very old, typically those built after 1900 and without significant alterations.

2. Non-Invasive Examination

The survey is non-invasive, meaning the surveyor will not lift floorboards or drill into walls. However, they will thoroughly inspect visible areas, like the roof, walls, windows, and doors, without causing any damage.

3. Condition Ratings

Each area of the home will receive a rating system:

• Condition Rating 1 (Green): No repair needed, property is in good condition.

• Condition Rating 2 (Amber): Some repairs or maintenance are required, but they are not urgent.

• Condition Rating 3 (Red): Urgent repairs are necessary, and immediate attention is needed to avoid further damage.

4. Focus on Key Issues

The report highlights key issues such as dampness, subsidence, roofing problems, or other potential defects that could affect the property’s value or safety.

5. Valuation and Insurance Rebuild Costs

In many cases, the survey also includes:

• Market Valuation: An estimate of the property’s current market value.

• Insurance Rebuild Costs: How much it would cost to rebuild the property in case of destruction (e.g., due to a fire or flood).

6. Advice on Repairs and Maintenance

The survey provides practical advice on necessary repairs and future maintenance to prevent deterioration, which helps buyers anticipate future expenses.

Who Should Choose the RICS Homebuyer Survey?

This survey is suitable for buyers purchasing:

• Modern homes (built post-1900).

• Conventional properties that are in reasonable condition.

• Homes made from standard construction materials (brick, timber).

• Buyers who need a detailed report but don’t expect major structural issues.

For properties that are older, larger, or have undergone significant modifications, a RICS Building Survey (Level 3) may be more appropriate due to its more in-depth analysis.

Benefits of the RICS Homebuyer Survey

1. Peace of Mind: Knowing the property’s condition before buying helps prevent unexpected surprises.

2. Informed Negotiation: If serious defects are identified, you may negotiate a lower purchase price or request repairs before completion.

3. Financial Protection: The market valuation ensures you don’t overpay for the property, and the insurance rebuild cost ensures adequate insurance coverage.

4. Professional Expertise: The survey is conducted by RICS-qualified professionals, ensuring a high standard of reliability and accuracy.

What is Included in the Survey.

The survey typically covers the following areas:

• Roofing and chimney stacks.

• Walls (internal and external).

• Floors, ceilings, and doors.

• Windows and glazing.

• Drainage and damp proofing.

• Heating, plumbing, and electrical systems.

• Insulation and ventilation.

What Isn’t Included?

While the Homebuyer Survey is detailed, it does not include:

• Detailed structural investigation (for this, consider a Building Survey).

• Examination of hidden or hard-to-reach areas (e.g., behind furniture, under carpets).

• A test of the electrical or plumbing systems, though visible faults will be reported.

How Much Does It Cost?

The cost of a RICS Homebuyer Survey varies depending on factors such as:

• Location of the property.

• Size and value of the home.

• Surveyor’s fees in the region.

 Typically, prices range between £400 to £1,000, but getting quotes from different RICS surveyors is advisable.

Conclusion.

The RICS Homebuyer Survey is a cost-effective way to assess the condition of a property. It provides peace of mind to buyers by highlighting significant defects and giving a clear picture of any repairs or maintenance that might be required. For most conventional homes, this survey strikes a good balance between cost, detail, and utility.

If you’re buying a standard property and want confidence in your purchase, the RICS Homebuyer Survey is an essential part of your due diligence.

How to Book a RICS Homebuyer Survey give us a call